HomeMy WebLinkAboutResolutions - No. 2009-16RESOLUTION NO. 2009-16
A RESOLUTION OF THE LODI CITY COUNCIL
AUTHORIZING THE CITY MANAGER TO ENTER INTO
SECOND AMENDMENT TO WORLD OF WONDERS
SCIENCE MUSEUM LEASE
WHEREAS, the World of Wonders (WOW) Museum entered into an agreement
with the City Council on August 2, 2006, to develop the "shell" space located attached to
the downtown parking garage as an interactive science museum focused on children;
and
WHEREAS, the WOW has engaged in a very successful campaign to raise
funds and has invested $550,000 in improvements, plus in-kind contributions. They
have a collection of exhibits via the Exploratorium and, subject to raising operating
capital, are ready to open; and
WHEREAS, the museum is requesting more time to raise operating capital due
to the existing economy, which has effected fund raising efforts; and
WHEREAS, during the course c£ construction, the southern side of the space
was discovered to have mold and construction defects, of which the City and WOW
were not aware and are now working towards a resolution; and
WHEREAS, until the defects are remedied, WOW is not responsible for tenant
improvements; and
WHEREAS, the Board of Directors of the WOW Science Museum has requested
that the City Council consider amending the current lease agreement as outlined below:
A)
B)
C)
D)
Extend the commencement of rent obligations by one year —
$1,030.00 per month to begin in February2010;
Freeze the indexing of rent increases for one year — (The rent is
to increase annually by the Consumer Price Index or 2.5%
whatever is larger);
Extend the commencement of regular hours of operation to
August 1,2009; and
Extend the completion of the south tenant improvements until one
year after the construction defects of the building are corrected.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
authorize the City Manager to enter into a Second Amendment to the WOW Museum
Lease as outlined above; and
BE IT FURTHER RESOLVED that this lease amendment is subject to approval
by the Federal Transit Administration.
Dated: February4, 2009
hereby certify that Resolution No. 2009-16 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held February 4, 2009, by the following
vote:
AYES: COUNCIL MEMBERS — Hitchcock, Johnson, Katzakian, Mounce,
and Mayor Hansen
NOES: COUNCIL MEMBERS— None
ABSENT: COUNCIL MEMBERS— None
ABSTAIN: COUNCIL MEMBERS— None
2009-16
JOHL
City Clerk